Billionaire Steve Cohen Just Bought A Gorgeous Hamptons House For $60 Million

Steve
Cohen's not going to let a little heat from the Feds ruin his
lifestyle.

The billionaire founder of hedge fund
SAC Capital bought a $155 million Picasso from Steve Wynn
earlier this week. Now
Peter Lattman over at Dealbook says that he's also bought an
oceanfront Hamptons house for $60 million.

This is all on top of a $616 fine SAC Capital was just ordered to
pay the SEC to settle
insider trading charges,
according to Reuters.

A few things about the house: It has a pool, tennis court, media
room etc. but the most important thing about it is that it has an
ocean view.

See, Cohen already has a house in the same area, the super elite
Further Lane. He bought his old house in 2007, but tragically,
its ocean view is obscured by fellow hedge fund manager Jim
Chanos' house.

So obviously Cohen had to do something.

Lattman also reports that Cohen may sell his Midtown Manhattan
apartment in Bloomberg
Tower (he also has one in the West Village) for $115 million. If
he does, it will be the most expensive property ever sold in NYC,
beating the current record held by Russian oligarch
Dmitry Rybolovlev, who bought former Citi
head Sandy
Weill's $88 million apartment for his daughter last year.